AFLAC (AFL) -3.85%. Morgan Stanley notes AFL owns $583M of Fortis debt, and could take a hit if...


AFLAC (AFL) -3.85%. Morgan Stanley notes AFL owns $583M of Fortis debt, and could take a hit if Fortis collapses or is nationalized.
From other sites
Comments (2)
  • Jake Berzon
    , contributor
    Comments (229) | Send Message
     
    It doesn't look good for Aflac and other insurances out there. They all have the same business model - they pretty much only make money on the time value of money that they invest (mostly in high grade corporate bonds). As ratings for their bond holdings collapse so do their earnings - scary stuff.
    12 Feb 2009, 10:58 AM Reply Like
  • R. Richard Schweitzer
    , contributor
    Comments (165) | Send Message
     
    But, In the case of AFLAC, you have to consider that its reserves are in YEN; it's business is principally in Japan - big time
    12 Feb 2009, 01:15 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs